Tractor Supply Co. earnings soar in Q2

BRENTWOOD, Tenn — Tractor Supply Co. reported that Q2 net sales rose by 35 percent to $3.18 billion, compared to $2.35 billion in the same quarter last year. Comp sales were up 30.5 percent. Gross profit increased by 41 percent to $1.16 billion, from $820.7 million in 2019. Net income of $338.7 million was up 54.5 percent from $219.2 million, and diluted earnings per share soared by 61.1 percent, rising from $1.80 to $2.90.